"The key features of a tech start-up are this: it has no customers and a strong chance of going broke. What most of these businesses do is funnel capital (investors’ money) into work nobody asked to be done. They build a product for which there is no market, exhaust their funds, close. They’re a bit like a make-work project."
YC in 2014, > 640 startups worth USD20B from 2014 numbers. [0],[1]
YC in 2014, > 640 startups worth USD20B from 2014 numbers. [0],[1]
[0] http://www.bloomberg.com/news/articles/2014-02-25/y-combinat...
[1] 13B in 2013: https://twitter.com/paulg/status/422815186437685248